(Bloomberg) -- Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
ADVERTISEMENT
- London enters the last days of 2020 with its position as the U.K.’s economic growth engine imperiled by Brexit and the struggle to contain the coronavirus
- The Bank of England is likely to keep policy unchanged in its final decision of the year amid the uncertainties
- The U.S. labeled Switzerland and Vietnam as currency manipulators in the Treasury’s foreign-exchange policy report; the Swiss nonetheless pledged to keep up currency intervention, while Vietnam disputes the underlying charges
- The Federal Reserve promised to keep up bond-buying until“substantial” economic gains emerge, also extending its temporary dollar swap lines and repurchase facility
- The Czech Republic will probably keep interest rates unchanged as it awaits the full impact of the coronavirus crisis before starting a debate on tightening monetary policy
- The U.S. economy is showing signs of sputtering as retail sales tumble
- China is going it alone among major central banks, signaling tighter monetary policy as the world’s second-largest economy recovers
- China brings up last place on a Bloomberg scorecard meant as a guide for emerging-market opportunities in 2021, with Thailand ranking at the top
- New Zealand’s economy rebounded from recession in the third quarter as massive fiscal and monetary stimulus sparked a recovery in consumer spending
- Brazil risks a “lost decade” if it doesn’t cut spending and mandatory obligations, according to a study by the Organization for Economic Co-operation and Development
ADVERTISEMENT
©2020 Bloomberg L.P.